Mathematics - Inflation Rate
Not what you're looking for?
Using web resources, and/or other materials, find the most recent report of the annual inflation rate of a country of your choice as well as the type of currency used in that country.
The equation also typed as S=C(1+r/100)^5 to find the inflated cost S, in 5 years, of an item, good or service, where C is the current price of that item in that country's currency and where the inflation rate is r%. Choose any value of C, the current price of an item in that country's currency, that you would like.
Include in your post the country, the inflation rate, the type of currency, a value of C of your choice, and the calculations needed to find the approximated inflated rate of C after 5 years.
Purchase this Solution
Solution Summary
A neat, step-wise solution is provided for the given question, using the example of Saint Kitts and Nevis.
Purchase this Solution
Free BrainMass Quizzes
Geometry - Real Life Application Problems
Understanding of how geometry applies to in real-world contexts
Solving quadratic inequalities
This quiz test you on how well you are familiar with solving quadratic inequalities.
Graphs and Functions
This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.
Multiplying Complex Numbers
This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.
Exponential Expressions
In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.